Progressivehealth Rehabilitation, Inc 401(k) Review & Grade
Progressivehealth 401(k) Plan
Evansville, INHealth Care & Social Assistance646 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,123Employer $ per active participant
$4,351Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$34.6MNet plan assets, end of year
$36,693Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 54th |
| Employee saving | 72th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($39 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Progressivehealth Rehabilitation put in about $1,123 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $726,233 |
| Participant (employee) contributions | $2,812,689 |
| Other contributions (incl. rollovers in) | $386,190 |
| Administrative expenses paid from the plan | $64,187 |
| Benefits paid out | $1,802,448 |
| Net assets, start / end of year | $28.2M / $34.6M |
| Active participants, start / end of year | 611 / 682 |
| Participants with account balances | 943 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kruggel, Lawton & Co, LLC |
Largest service providers (Schedule C)
| Global Retirement Partners | $52,925 reported compensation |
| Transamerica Life Insurance O | $46,708 reported compensation |
| Compensation Systems Inc | $40,945 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926064044NAL0010541376001, received 2025-09-26, EIN 35-1907348, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.